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Property profile & analytics
OFF-MARKET Estimated value $590,000
Office buildings

427 Minnesota Ave Sioux Falls, SD 57104-2467

4,978 SF 0.3 ac lot Built 1987
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US79-0073637
Property summary
AI-generated overview

This exceptional 2,073-square-foot office suite, located at 427 N Minnesota Ave Suite A in Sioux Falls, South Dakota, 57104, is situated in the desirable Northstar Plaza. The single-tenant space is part of a 5,000-square-foot building, completely renovated in 2024. The suite boasts a highly functional layout, perfect for small to medium-sized businesses. Features include three private offices, a dedicated break room, and a convenient conference room, providing ample space for both individual work and collaborative efforts. The building offers twelve convenient parking spaces for tenants and their clients. This prime location enjoys excellent visibility, directly across from the Minnehaha County building, and benefits from prominent placement on a large monument sign, ensuring high traffic exposure. The property is located at the intersection of Minnesota Avenue and 5th Street in Minnehaha County. This is a single-story building offering a highly sought-after traditional office space. Don't miss this opportunity to secure a premier office location in a thriving area of Sioux Falls.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction FRAME
Total area 4,978 SF
Lot 0.3 ac (13,199 SF)
APN 52486
UPID US79-0073637
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Nichols & Rabuck P.C. Law Firm
  • David Jeffrey DC Alternative Medicine Practice
  • Davis Chiropractic Clinic Alternative Medicine Practice
  • Effervescent Voice Academy Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$653k
Blend (final) Blend
$590k
Owner & transaction history
Redwood Equity Partners LLC · 4 yrs held
Redwood Equity Partners LLC
since 2022
1 recorded transaction
2022
$535,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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